Sunday, July 12, 2020

TDS on Cash Withdrawals: CBDT enables Online Facility to check applicable Rate of TDS

The Income Tax Department has facilitated a new functionality for Banks and Post offices through which they can ascertain the TDS applicability rates on cash withdrawal of above Rs.20 lakh in case of a non-filer of Income Tax Return(ITR) and that of above Rs. 1 crore in case of a filer of the ITR. So […]

from Taxscan | Simplifying Tax Laws https://ift.tt/32djmcK

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